RE:RE:RE:RE:RE:RE:RE:RE:RE:There's only one news release the market wants
No not necessarily. I may have been wrong to call it a spinoff as well. Let's look at what is being said...Daymak remains as is but from a privately held company has springboard off of what was jointly created if you will by Daymak and EV battery being a wholly owned subsidiary of EV ionix pro tech. Ev gave shares to Daymak to be able to jointly have a vested interest....Daymak is clearly stating EV tech can purchase 360 000 shares of Daymak and from my understanding it will be at a strike price of $5.56 this is an option given to EV tech. Daymak has the option to purchase 10,000,000 million shares of from my understanding shares of Ionix pro tech not ACDC at a strike price of .20. The arrangement of other shares that were exchanged to get part of the Daymak pie was for two reasons to have a client but also a viable partner where what has been listed and revisited can take place thank you for sharing. It looks to me that there will have to be some share restructuring to ACDC to get all this done but Daymak is not merging with ACDC and needless to say vice versa. The spinoff company is ionix pro not Daymak so I made it sound earlier as though Extreme is going to merge and it was going to be a wholly owned subsidiary that isn't what this news release said and nor what I meant as someone raised that Daymaks CEO was going to run things and I said yes of his own division but that division is both his and Ionix so I muddied things there but I never said Daymak will not be a separate entity although I did make it seem it would be wholly owned but I did not say that I said that Daymaks CEO will be head of a division that will be spinned out from ACDC and will have to raise its own monies and this is exactly what it is. Like I said thank you so much I did remember something. It will be interesting to see what the ipo on ionix will be. So no merger or acquisition but a created subsidiary with options to acquire shares in exchange of shares.